Pieces in place for a depression? Hyperbole, I trust.
What constitutes "a horrible domestic economy"?
In 1988 the unemploymeent rate was 5.5%; in 1992 it was over 7%; in 2004 it was over 6%. The current unemployment rate among adults is 4.9%
Over 146 million Americans are employed, the highest ever.
The mortgage default rate is 4.95%. That means that over 95% of mortagees are not in default.
What constitutes "out of control" gas prices? The price is established by those who sell the gasoline just as the price of anything that is sold is established by the seller.
The weak US dollar makes US produced goods cheaper when sold in foreign markets.
In 1999 infalation rate was 2.19%; currenly it is under 3%
In December, 1974, the Dow Jones average was 577; currently it is over 12K. Check a chart of the Dow over that time period and you'll see that it has always been a rollercoaster.
Soaring food prices. Several weeks ago I paid over $4 for a gallon of milk; today I paid $3.
Thanks for your rose colored assessment, George Bush. There's absolutely nothing wrong in this country, the world, etc. As long as all is well in your view, that's all that matters.
